Why Portage Biotech Stock Is Up Today
Portfolio Pulse from Ryan Gustafson
Portage Biotech Inc. (NASDAQ:PRTG) shares are up after reporting updated interim data from the Phase 1 trial of its lead iNKT cell engager, PORT-2 (IMM60), at the 2023 ASCO Annual Meeting. The data showed early evidence of single agent activity with a reduction of several target lesions. Portage plans to expand the Phase 1 trial after encouraging safety and tolerability data.
June 05, 2023 | 5:42 pm
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POSITIVE IMPACT
Portage Biotech shares are up after positive interim data from the Phase 1 trial of PORT-2 (IMM60) at the 2023 ASCO Annual Meeting. The company plans to expand the trial after encouraging safety and tolerability data.
The positive interim data from the Phase 1 trial of PORT-2 (IMM60) indicates early evidence of single agent activity with a reduction of several target lesions. This news is directly related to Portage Biotech's core product and has a high relevance to the company's stock price. The encouraging safety and tolerability data, along with the company's plans to expand the trial, signal potential future success for the product, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100